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80, something like that. >> well, the voting for an increase in the debt ceiling by the republicans is gaining some real support here. a tweet by the former worker in the bush white house, he tweeted, i don't think i can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a news board meeting on january 9th, says she doesn't think the debt limit should be used for political leverage. she said not all of her colleagues in the senate will say it out loud. but she believes most agree that failing to raise the debt limit would harm perception of the country. jared bernstein, the momentum seems to be building for increasing insanity on the republican side on this question in congress. >> which is a good thing, one of the lessons here -- and it is interesting, you know, basically if rush limbaugh is upset about this, that means something probably good is happening in politics.
80, something like that. >> well, the voting for an increase in the debt ceiling by the republicans is gaining some real support here. a tweet by the former worker in the bush white house, he tweeted, i don't think i can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a...
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republicans say they are not going to vote to increase the debt ceiling even though they did so 19 times with no strings attached under george w. bush. they won't do so again this year unless they get massive cuts in social security and medicare. why should we be having this fight after all? shouldn't we just pay our bills as the president says? >> you know, i just wonder if these individuals also when their credit card bill arrives say, no. not going to pay it. >> they might. >> i am not going to pay it. we are spending too much money. so i am just not going to pay my bill. really? it's it's like a non-secquitor. these have been racked up by congress. they have proposed those expenditure. now the bills are due. to put any strings attached to it is kind of nuts. >> . >> what's the way out of it? >> there are six numbers of congress including myself today introducing a piece of legislation to just scrap the idea of the debt ceiling which no other country in the world has. it's an unnecessary encumbrance that the idea, as you -- in the constitution. >> any other country could -- there is u
republicans say they are not going to vote to increase the debt ceiling even though they did so 19 times with no strings attached under george w. bush. they won't do so again this year unless they get massive cuts in social security and medicare. why should we be having this fight after all? shouldn't we just pay our bills as the president says? >> you know, i just wonder if these individuals also when their credit card bill arrives say, no. not going to pay it. >> they might....
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once we are through the debt ceiling what leverage do republicans have? and the last chance to derail the term. i think i know what happens, the same thing that has happened always when we have had so many break outs they are left behind by the wall of worry. ask yourself, do you think that this many analysts could be right? do you think that these companies are going to prove to be brilliant exit prices? no. i bet that this is one of those moments where the world economies are going to be better. i say that because it is the same behavior i've seen over and over and over again. down days are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run, but wakes itself up perhaps with my alarm clock and if history serves me right, when stocks awaken they go higher not lower and it is turned out that their evaluations ended up being catalysts galore. bob in florida, bob. >> it is great to talk to you. south florida by way of teaneck, new jersey. i'm calling about
once we are through the debt ceiling what leverage do republicans have? and the last chance to derail the term. i think i know what happens, the same thing that has happened always when we have had so many break outs they are left behind by the wall of worry. ask yourself, do you think that this many analysts could be right? do you think that these companies are going to prove to be brilliant exit prices? no. i bet that this is one of those moments where the world economies are going to be...
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if we were to -- if the congress were not to raise the debt ceiling, some republicans believe such an event would be manageable in the short run, at least, they say, they won't vote for a higher debt ceiling until democrats accept spending cuts. many see this as risky. one said tuesday he would introduce legislation next week instructing the white house to prioritize the government's bills. what's wrong with the idea? >> guest: two things. first of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? whic
if we were to -- if the congress were not to raise the debt ceiling, some republicans believe such an event would be manageable in the short run, at least, they say, they won't vote for a higher debt ceiling until democrats accept spending cuts. many see this as risky. one said tuesday he would introduce legislation next week instructing the white house to prioritize the government's bills. what's wrong with the idea? >> guest: two things. first of all, we've had some deficit reduction....
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that was from the last time the house republicans threatened the country with defaulting on our debt back in 2011. dennis ross, you probably should have calibrated your place in line a little better. throw a democrat in there ahead of you when you realize that's what you're going to get. get there in time for the repeal prohibition amendment next time. that's more fun. if you have found yourself at home constitutionally -- forgive me, constitutionally incapable of getting excited over having another fight about the debt ceiling this year, if this isn't exciting because it just feels like groundhog day to you, oh my god, i've got reckless brinksmanship fatigue, it is true that it's hard to get excited over something we have done before. it is 2013 now. remember when it happened it was a total disaster. even if you just ignore the political consequences, if you just look at the economic impact, it was a self-imposed economic disaster caused by washington refusing to do something that it needs to do and that it has done dozens of times before. republicans just refused to do it. it was s
that was from the last time the house republicans threatened the country with defaulting on our debt back in 2011. dennis ross, you probably should have calibrated your place in line a little better. throw a democrat in there ahead of you when you realize that's what you're going to get. get there in time for the repeal prohibition amendment next time. that's more fun. if you have found yourself at home constitutionally -- forgive me, constitutionally incapable of getting excited over having...
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dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president is completely irresponsible. interest on our debt is going to get paid and our credit rating is likely to stay where it is if we cut spending rather than blow through another debt limit without making the hard decisions. >> neil: thank you very much. good. good to see you. >> neil: meanwhile, pick up the tab for national health care and reduce the debt? that is what democrats are proposing. adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that
dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president is completely irresponsible. interest on our debt is...
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essentially say to the republican party, you should not dabble with the debt ceiling. it is something that would have such serious consequences, and i don't want to essentially see if i can find ways around it. those ways are very problematical. essentially what we have tos ary problematical. essentially what we have to do is face up to the need to address sequestration and then move on. i don't want to be used as a weapon the debt ceiling. because it is not a weapon against me. it is a weapon against the full faith and credit of the united states and therefore, it is a weapon against the citizens of this economy and the global economy. and i think we need to be straight up and say that essentially what i will do is look for ways around it. the republican caucus has said from the beginning and dramatically change since i joined the ways and means committee. the republican party really has to decide just how much it's going to gamble with the economy of the united states. i think that would be a dangerous scandal and i think the president has stressed that we have sense
essentially say to the republican party, you should not dabble with the debt ceiling. it is something that would have such serious consequences, and i don't want to essentially see if i can find ways around it. those ways are very problematical. essentially what we have tos ary problematical. essentially what we have to do is face up to the need to address sequestration and then move on. i don't want to be used as a weapon the debt ceiling. because it is not a weapon against me. it is a weapon...
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republicans are saying in terms of the debt ceiling, let's not worry too much. one colleague said it is fraudulent, there isn't a problem. there is a problem putting the full faith in jeopardy. that is a serious problem. we have never really tried it. for this country and not to pay its bills -- we are talking about bills that we in the congress have voted for. it is paying for the spending that the congress enacted and president signed. he is saying to the congress, look, it became part of the legislation of this country. you essentially gave bills and now you need to make sure they are paid. host: dave camp is going to hold a hearing about this debt ceiling. who will be testifying? guest: we are working together on who the witnesses will be. host: who the want on the witness table? guest: asked me in a few hours. i spoke to the chairman yesterday. i said let's have some back-and- forth between the democrats and republicans on his powerful committee as to who should testify. the debt ceiling issue should become a partisan issue. i appeal to the republicans to r
republicans are saying in terms of the debt ceiling, let's not worry too much. one colleague said it is fraudulent, there isn't a problem. there is a problem putting the full faith in jeopardy. that is a serious problem. we have never really tried it. for this country and not to pay its bills -- we are talking about bills that we in the congress have voted for. it is paying for the spending that the congress enacted and president signed. he is saying to the congress, look, it became part of the...
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debt ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct. house republicans are enroute to williamsburg, virginia for their retreat. they will consider the options for the upcoming debt ceiling fight. short term increase with modest spending cuts to a 4-year increase including overhaul of the tax code and entitlement programs. back to you. tracy: sound ambitious. rich edson, glad you could stick around and talk to us. we're 29 days away from the debt ceiling d-day. ashley: we are. tracy: will be valentine's day actually. ashley: not pretty though. as you just said, tracy, less than a month away f
debt ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct....
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they're taking on republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term? nia-malika henderson is for the washington post and glenn thrush. a loaf rather than going for the whole loaf. he is basically a continuing campaign. he is going to the american people and using the bully pulpit, i think much more effectively than he ever has, using all of the levers of his office, whether he is going, considering executive action around gun control and also going to vice president biden, kind of an inside game there. but also going to the outside game and looking at public opinion. and he is finding out what the public wants, trying to lead, i think, the public opinion parade, but also be in the middle of it. >> let me check you on that. will he come after assault weapons ban tomorrow? >> i think he will. >> okay. that's a test of toughness. >> i think that's right. yeah. >> okay. let me go right now to this other question of the -- of sticking with hagel. g
they're taking on republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term? nia-malika henderson is for the washington post and glenn thrush. a loaf rather than going for the whole loaf. he is basically a continuing campaign. he is going to the american people and using the bully pulpit, i think much more effectively than he ever has, using all of the...
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he eliminated all of the ways of getting out of the debt ceiling without having congress make the decision themselves. do you think that's right to put the ball in the court of the republican house caucus and said you guys have the choice. are you going to raise it or cause a default and deal with those economic consequences? >> i don't know if it's the right strategy. i wish he had not ruled out the 14th amendment or the coin. he is betting that the republican party is not completely insane. i hope that's a good bet. i'm not sure it is. what the republicans are doing is saying that's a nice economy. like a 1930s gangster movie. that's a nice economy. pity if it blows up if you don't pay me off with what i want. that's a direct threat and the hostage is the entire economy. we will default and if we default, we will have a depression. a real depression and the interest rates will spike on every public and private loan. we will have a mass unemployment like now. now. i love the mafia analogies. keep it up. the sandy relief bill. this is not supposed to be politicized. 179 republicans in the
he eliminated all of the ways of getting out of the debt ceiling without having congress make the decision themselves. do you think that's right to put the ball in the court of the republican house caucus and said you guys have the choice. are you going to raise it or cause a default and deal with those economic consequences? >> i don't know if it's the right strategy. i wish he had not ruled out the 14th amendment or the coin. he is betting that the republican party is not completely...
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they're taking on republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term?? malika henderson is a political reporter for the "washington post," and glen thrush for politico and co-author of the ebook "end of the line." i nice you'd. i missed you. i've seen you on other shows, i've seen some sighting, but thank you for coming back. let's take a look at him now in his first press, the last one of the old year, the president warned republicans not to play politics when it comes to the debt ceiling. here is the president. >> but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the first presidential term. this morning, newt gingrich of all people reacted by saying the president was bullying republicans. that's a l
they're taking on republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term?? malika henderson is a political reporter for the "washington post," and glen thrush for politico and co-author of the ebook "end of the line." i nice you'd. i missed you. i've seen you on other shows, i've seen some sighting, but thank you for coming back....
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really on. >>> president obama also has big battles looming over the debt ceiling, budget, immigration. he's already taking heat over the makeup of his cabinet. not enough women. let's talk about that later in the show. >>> and none of the president's second term agenda will be easy with the republicans in congress. take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he was considered far to the right. now he fits in with some of these people. it says a lot how far they have come. >>> finally let me finish with a need for republicans again to choose sides. the wild bunch or the posse? this is "hardball," the place for politics. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. this reduced sodium soup says it may help lower chole
really on. >>> president obama also has big battles looming over the debt ceiling, budget, immigration. he's already taking heat over the makeup of his cabinet. not enough women. let's talk about that later in the show. >>> and none of the president's second term agenda will be easy with the republicans in congress. take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he...
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but essentially republicans are saying in terms of the debt ceiling, let's not worry too much. i have one clip of one of my colleagues who says it's fraudulent or something like that, there really isn't a problem. there is a problem, putting the full faith and credit, greta, in jeopardy. those who are listening, that really is a serious problem. we've never really tried it, and for this country not to pay its bills, as the president made so clear, we're talking about bills that we in the congress voted for. it isn't new spending. it's paying for the spending that the congress of this country enacted and the president signed and what he's saying is to the congress, to the house republicans, look, it became part of the legislation of this country. you essentially gave bills and now you need to make sure they're paid. host: the chairman of the ways and means committee, dave camp, your colleague, is going to hold a hearing on january 22 about this. guest: tuesday. host: who will be testifying? who will you hear from? guest: they're just working on that and we're working together on
but essentially republicans are saying in terms of the debt ceiling, let's not worry too much. i have one clip of one of my colleagues who says it's fraudulent or something like that, there really isn't a problem. there is a problem, putting the full faith and credit, greta, in jeopardy. those who are listening, that really is a serious problem. we've never really tried it, and for this country not to pay its bills, as the president made so clear, we're talking about bills that we in the...
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>> well, we do have some crises that we're going to have to face, the debt ceiling, we're going to have to deal with sequestration as well as the concurrent resolution, and i'm convinced that in order to get something moving forward in a positive way, that speaker boehner's going to have to release republicans from just being bound to the party and do what's best for the country. so i hope this is a breakthrough. as for having this as a victory, if it's a victory for anything, it's a victory for our country. people can go to sleep at night knowing that god forbid if they have a catastrophe in their country, they may not be able to depend on the local people to come forward or the states, but they can depend on their congress to be there as historically we have always been. this is the first time we have had any type of controversy in getting it done, but late, delayed, yes, but was it done, you bet your life. >> new york congressman charlie rangel. thanks for your time. i appreciate it. >> thank you. >>> so the final outstanding issue involving president obama's inauguration next monday
>> well, we do have some crises that we're going to have to face, the debt ceiling, we're going to have to deal with sequestration as well as the concurrent resolution, and i'm convinced that in order to get something moving forward in a positive way, that speaker boehner's going to have to release republicans from just being bound to the party and do what's best for the country. so i hope this is a breakthrough. as for having this as a victory, if it's a victory for anything, it's a...
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every cut -- every time there was a cut in spending, it was often tied to the debt ceiling negotiations. go back to 1985, to 1990, 1993, 1997, 2010. speaker pelosi, in 2010, with president obama, tied a pay-go provision. she did it. why is it so wrong that the republicans want to do that in the house, like speaker pelosi did? let's get responsible. but the president doesn't even remember two years ago when speaker pelosi did that. somebody has got to help this poor man understand recent and distant history before the rating agencies say, you know what? we used to think the rule of law was going to help the u.s. economy and help the federal government get around to taking care of its debts, but these guys don't even follow the rule of law anymore. and as far as what the economists say, yeah, but we have democratic dynamism. look what obama is doing to that. look at what overregulation is doing to that. the economy is hurting. the economy is waiting to take off if the president and the senate that is bogging down bills that would free up the economy to go -- if they would get out of the w
every cut -- every time there was a cut in spending, it was often tied to the debt ceiling negotiations. go back to 1985, to 1990, 1993, 1997, 2010. speaker pelosi, in 2010, with president obama, tied a pay-go provision. she did it. why is it so wrong that the republicans want to do that in the house, like speaker pelosi did? let's get responsible. but the president doesn't even remember two years ago when speaker pelosi did that. somebody has got to help this poor man understand recent and...
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but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in
but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the...